CIGI’s Global Economy Program-Columbia University’s IPD

The Center for International Governance Innovation (CIGI)’s Global Economy Program and Columbia University’s Initiative for Policy Dialogue (IPD) are pleased to announce a conference on Sovereign Debt Restructuring, to be held at Columbia University on September 22nd, 2015.

Authors are invited to submit papers on the topic of the conference. Theoretical, empirical, and policy-oriented papers will be considered. Papers must be submitted to [email protected]. Paper length must not exceed 9,000 words. The deadline for submission is July 31, 2015. Selected papers will be announced by August 21, 2015.

Sovereign debt restructuring plays a major role in the preservation of financial and political stability. However, no commonly agreed multinational rules exist and each case has the potential to open the door to greater instability and to spread antagonism.

Recent events remind us of these risks. The issue has seized headlines around the world. From Argentina's saga with vulture funds and holdout creditors, to the Greek ongoing crisis, to the challenging political conditions in Ukraine, the questions of how to responsibly and sustainably manage sovereign debt restructuring are more pressing than ever. The United Nations and the International Monetary Fund recognize the deficiencies in the current system’s ability to provide reasonable solutions to sovereign debt crises, and are working on solutions. Academic discussions still have much to contribute to the ongoing debate.

This CIGI-IPD conference at Columbia University will summarize lessons learned over the past year of discussions led by the United Nations, ICMA, the IMF, Columbia University IPD and CGEG, CIGI, and UNCTAD, and aim  to provide guidance to policymakers and inform the ongoing discussions at the United Nations on how to implement a multinational legal framework for sovereign debt restructuring.

Selected papers will be considered for publication in a special issue of the Journal of Globalization and Development. The editors of the issue will be Dr. Martin Guzman (Columbia University), Dr. Domenico Lombardi (CIGI), Prof. José Antonio Ocampo (Columbia University), and Prof. Joseph Stiglitz (Columbia University).

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.